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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income        
Interest and fees on loans and leases $ 98,359 $ 90,974 $ 285,252 $ 254,949
Interest and dividends on investment securities:        
Taxable 3,706 3,540 11,094 10,547
Exempt from federal income taxes 7 15 26 44
Interest on deposits with other banks 3,624 1,865 6,341 2,856
Interest and dividends on other earning assets 742 712 2,166 2,102
Total interest income 106,438 97,106 304,879 270,498
Interest expense        
Interest on deposits 48,170 37,082 133,648 82,885
Interest on short-term borrowings 1 1,117 248 7,094
Interest on long-term debt and subordinated notes 5,063 5,317 15,285 13,282
Total interest expense 53,234 43,516 149,181 103,261
Net interest income 53,204 53,590 155,698 167,237
Provision for credit losses 1,414 2,024 3,553 8,839
Net interest income after provision for credit losses 51,790 51,566 152,145 158,398
Noninterest income        
Insurance commission and fee income 5,238 4,852 17,606 16,447
Bank owned life insurance income 921 806 2,849 2,362
Net gain on sales of investment securities 18 0 18 0
Net gain on mortgage banking activities 1,296 1,216 3,945 2,880
Other income 1,396 228 3,166 1,921
Total noninterest income 20,150 18,691 66,725 58,204
Noninterest expense        
Salaries, benefits and commissions 30,702 29,978 92,227 90,867
Net occupancy 2,723 2,594 8,274 7,935
Equipment 1,107 1,087 3,306 3,066
Data processing 4,154 4,189 12,810 12,355
Professional fees 1,579 1,763 4,733 5,373
Marketing and advertising 490 555 1,621 1,548
Deposit insurance premiums 1,097 1,258 3,330 3,475
Intangible expenses 164 220 539 726
Restructuring charges 0 0 0 1,330
Other expense 6,536 7,344 20,494 21,641
Total noninterest expense 48,552 48,988 147,334 148,316
Income before income taxes 23,388 21,269 71,536 68,286
Income tax expense 4,810 4,253 14,546 13,436
Net income $ 18,578 $ 17,016 $ 56,990 $ 54,850
Earnings Per Share [Abstract]        
Basic (in dollars per share) $ 0.64 $ 0.58 $ 1.95 $ 1.86
Diluted (in dollars per share) $ 0.63 $ 0.58 $ 1.94 $ 1.86
Trust fee income        
Noninterest income        
Noninterest income $ 2,110 $ 1,910 $ 6,226 $ 5,789
Service charges on deposit accounts        
Noninterest income        
Noninterest income 2,037 1,816 5,890 5,088
Investment advisory commission and fee income        
Noninterest income        
Noninterest income 5,319 4,843 15,751 14,303
Other service fee income        
Noninterest income        
Noninterest income $ 1,815 $ 3,020 $ 11,274 $ 9,414